John Renfrow with Renfrow Realty in Montrose, CO announced the sale of the Valley View Plaza, a 37,589 sq. ft. retail center located at 1410 Valley View in Delta, to CY Management, LLC, an investment firm.� Purchase price was $2,250,000.
John Renfrow of Renfrow Realty in Montrose, agent for the property said, �The center is one of only two similar shopping centers within a 20-mile area. Major tenants include Sherwin Williams, Hibbett Sports and Oxygen Plus.� The new owners purchased the property as an investment because of its excellent cash flow.�
Built in 2005, the building has a stucco exterior, 4? thick concrete floors, metal roof and double pane windows. The lighted parking area has space for nearly 200 vehicles, including handicapped parking. Each retail area has its own electric and gas meter. Dick Sherwin of Re/Max Tradition was co-op broker in the transaction.
About Rocky Mountain Commercial Brokers
Rocky Mountain Commercial Brokers is an independent network of exclusive commercial real estate partners located throughout the Rocky Mountain region. Our team of commercial real estate brokers has been carefully chosen because of their local knowledge and experience in their individual markets along with their nationally recognized talents.
Rocky Mountain Commercial Brokers mission is to have our exclusive member brokers seamlessly work together in sharing the latest commercial real estate information and technology to assist in helping you find the right commercial space to lease, purchase of commercial properties that meet your investment needs or to help you sell commercial real estate you own at the best price and terms.